Industry Insights
The composite materials used for manufacturing sports equipment are segmented on the basis of technology used for the production of the carbon fiber. Increasing use of continuous processing technique used in manufacturing glass reinforced plastics (GRP) is expected to result in increased production of equipment such as skis, snowboards, and longboards.
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Material Insights
The increasing use of glass fiber composites in skis, snowboards, and longboards owing to better performance is expected to drive the market growth over the forecast period. Glass fibers are widely used in manufacturing skis & snowboards owing to its ability to improve sliding properties as well as providing additional strength during landing.
Regional Insights
Europe demand for sports composites was valued at over USD 900 million in 2015. The region is driven by the presence of a large number of sports composites manufacturers, thus increasing the widespread availability of the product at a competitive price. In addition, increasing adoption of hockey and tennis in European countries such as Germany and France is expected to drive growth over the forecast period.
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Competitive Insights
The global sports composites industry is characterized by continuous product innovations, mergers & acquisitions, and capacity increases. For example, in March 2014, Toray Industries Inc, a Japanese manufacturer of sports composites acquired Zoltek, thus establishing itself as a market leader in terms of production volumes. Furthermore, Germany-based SGL Carbon announced the increase of the capacity of their Moses Lake facility by 3000 tons which is expected to result in an increase of their market share. Key players in the industry include Jarden Composites, Rossignol, Toray Industries Inc., SGL Group, and Aldila Inc.